Mubasher: The extraordinary general meeting (EGM) of Solidarity Saudi Takaful approved a previously proposed capital reduction, according to a bourse statement issued on Thursday.
The fluctuation limits will be based on a share price of SAR 21.09 during Thursday’s session.
In December 2016, the board members recommended a capital cut of 55% to SAR 250 million from SAR 555 million in order to restructure the company's capital.
